?agneto-impedance (MI) effect in the Fe72Cu1V4Si15B8 amorphous ribbon obtained by melt spinning method has been studied. The aim of study was the characterisation of this ribbon in as-cast state in terms of its application as a MI sensor. The experiments on MI elements were performed in the frequency range from 30 kHz to 300 MHz and maximum external magnetic field up to 28.6 kA/m. Maximum observed MI-ratio (?Z = Z(0) - Z(Hmax), Hmax = 28.6 kA/m) has amounted to ?Z/Z(Hmax) = 173% at a frequency of 20.46 MHz. The MI curve measured up to 20 MHz shows some shoulder indicating the growth of rotational contribution of magnetization that appears above the domain wall relaxation frequency. The MI profile at frequencies higher than 30 MHz, exhibits a clear peak positioned at transverse anisotropy field Hk, suggesting domination of rotation magnetization in transverse permeability. The linearity in the range up to 5 kA/m with sensitivity of about 11 %/kA/m was observed.